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First State Bank of Bigfork

Best ForCash Savers
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

First State Bank of Bigfork provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.

The First State Bank of Bigfork dates back to 1912 when a group of investors consisting of F.P. Sheldon who served as President, S. J. Moran who served as Vice President, A.E. Peterson, Cashier and A. Wedge, Jr. established the business in its original location on the south end of Main Street.

Today, First State Bank of Bigfork remains a community institution, committed to serving our Minnesota families, friends, and neighbors. As a locally owned bank with that "small town" feeling, we pride ourselves on offering our customers modern banking conveniences — delivered with friendly, personal service. With two offices located in Bigfork and Kelliher, we offer online banking, telephone banking, and nationwide access to surcharge-free ATMs. Come to First State Bank of Bigfork to experience hometown banking at its best!

Key Features

Banking & Access

Basic account access provided.

Investment Options

This provider focuses on cash savings without investment options.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

No minimum balance to open. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Savings-Only Account

First State Bank of Bigfork currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0 - $2,0000.75%
$2,000 - $5,0001.00%
$5,000+1.26%

Last updated: 11-11-2024

Contact Information

Address

400 Main Ave. Bigfork, MN 56628 Customer Service Mailing Address PO Box 257 Bigfork, MN 56628

Customer Service

218-743-3145

400 Main Ave. Bigfork, MN 56628 Customer Service Mailing Address PO Box 257 Bigfork, MN 56628

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~1.26%
Debit CardNot included
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • No online banking
  • No debit card included

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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